Tag: Platform

An Innovative Trading Platform For Experienced And Novice Traders

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Because of the incredible depth and intricacies of the global financial market, the skill levels of investors and traders vary significantly across the board. As such, the needs of these different types of traders must be addressed equally. Many platforms either focus too heavily on professional tools, making the platform inaccessible for newcomers and novices. Other platforms will cater too much to beginners leaving experienced traders feeling underwhelmed or unsatisfied. PrimeXBT is the best of both worlds, offering innovative solutions for both novices and professionals alike. Here is a closer…

Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users – Blockchain Bitcoin News

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The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s Polygon-Backed Digital Avatars Will Soon Be Available to the General Public On July 7, 2022, the staff at Reddit announced the launch of blockchain-backed Reddit avatars that are stored on the Polygon network. It’s not Reddit’s first rodeo with blockchain technology as the social media and discussion platform was working with Arbitrum’s layer…

DeFi protocol Porter Finance shuts down bond issuance platform after just one month

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Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said: “Looking forward, we are not confident there will be large inflows of lending demand for fixed income DeFi products like the ones offered through Porter Finance. This is primarily due to the competitiveness of rates offered in traditional finance and the lack of institutional fixed income DeFi adoption over the past year. We are also no longer willing…

NFT platform wars could be ahead, says new DappRadar report

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OpenSea, UniSwap, MagicEden, eBay and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem. DappRader’s “Dapp Industry Report for Q2” 2022 raised, among many points, the idea that an upcoming non-fungible token (NFT) platform war could be on the horizon. The report, which was provided to Cointelegraph, spoke of how UniSwap had recently acquired Genie and OpenSea purchased Gem in an effort to expand their respective services to include NFT aggregation tools, which “accumulate NFT offers from various trading platforms.”…

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’

CryptoX – Cryptocurrency Analysis and News Portal Porter founder Jordan Meyer said the platform was also shunning legal risks with the move. “We are also no longer willing to take on the legal risk associated with bond offerings,” Meyer said, without saying what those risks might be. “For these reasons, we are pivoting away from the bond issuance platform and exploring better opportunities.” Original Source The post Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’ appeared first on CryptoX. CryptoX Portal

WonderFi Closes Acquisition of Crypto Trading Platform Coinberry

In addition, WonderFi said it may purchase other crypto companies as the shakeout in the sector continues. CEO Ben Samaroo told CoinDesk he thinks other nonregulated crypto trading platforms might have similar issues as Voyager Digital, which had exposure to troubled hedge fund Three Arrows Capital and has had to limit withdrawals. As a result, WonderFi has begun looking at potential deals for nonregulated exchanges both in Canada and globally. Source

Fetch.ai Announces DabbaFlow, A File Sharing and Data Management Platform

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Fetch.ai, the development team building an open-source, machine learning-powered network for smart infrastructure and customizable dApps, has launched DabbaFlow. In a press release, Fetch.ai said the ready-made and end-to-end encrypted file-sharing system is the first of its kind and would empower businesses and entities to take control of their data privately and securely. Notably, DabbaFlow leverages the benefits of the Fetch.ai blockchain to ensure privacy preservation of all sensitive data transmitted on its rails. All data piped through the product will be auditable and secure, a guarantee vital for maintaining…